Amendments to the By-Laws (on professional ethics, conduct and practice) of the MIA
1. The Council of the Institute has approved the revision to Part A of the MIA By-Laws (on Professional Ethics, Conduct, and Practice) incorporating the revisions to the International Code of Ethics for Professional Accountants (Including International Independence Standards) as follows: 👉 Revisions to Part 4B of the Code to Reflect Terms and Concepts Used […]
Bursa Malaysia issues updated Corporate Governance Guide (4th edition)
1. On April 28, 2021, Bursa Malaysia Berhad published an updated Corporate Governance Guide (“CG Guide”), intending to maintain that public listed companies (“PLCs”) are provided with comprehensive and practical guidance on all of the recommended practices under the Malaysian Code on Corporate Governance. 2. Please refer to the document in this link: https://t.me/YourAuditor/2486 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 […]
MASB Updates No.1 November 2021 – IASB Project on Equity Method
1. MASB has advised that in the Accounting Standards Advisory Forum (ASAF) meeting on 1 October 2021, the possible accounting treatment for changes in an investor’s interest in an associate without a change in significant influence will be reviewed. 2. To download ASAF Meeting Summary – https://t.me/YourAuditor/2484 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻 1. 马来西亚会计准则委员会（MASB）已经告知，在2021年10月1日的会计准则咨询论坛（ASAF）会议上，将审查投资者在联营企业 [Associate] 中的权益发生变化而不发生重大影响的可能的会计处理。 2. 下载《会计准则咨询论坛（ASAF）会议摘要》 – […]
MASB Updates No.1 November 2021 – IFRS Interpretations Committee (IFRIC) Agenda Decisions
1. In October 2021, the IFRIC published the following Agenda Decisions: 👉 Non-refundable Value Added Tax on Lease Payments (IFRS 16 Leases) – https://lnkd.in/erU47NX7 👉 Accounting for Warrants that are Classified as Financial Liabilities on Initial Recognition (IAS 32 Financial Instruments: Presentation) – https://lnkd.in/ek38qV7n 2. The IFRS Foundation has also issued Compilation of Agenda Decisions […]
IFRS Foundation announcement on the International Sustainability Standards Board (ISSB)
IFRS Foundation announcement on the International Sustainability Standards Board (ISSB) – PDF 1. The International Financial Reporting Standards (IFRS) Foundation Trustees announced three significant developments at the COP26 global climate change summit in Glasgow, Scotland, on November 3, 2021, to provide the global financial markets with high-quality disclosures on climate and other sustainability issues in […]
SSM: Movable Property Security Interest (MPSI) Bill
1. In Malaysia, ✅ for incorporated entities, section 353 of the Companies Act 2016 currently regulates the creation, registration, and enforcement of assets for both movable and immovable assets. ✅ However, there is no single legal framework that governs the creation and enforcement of movable assets as security interests created by unincorporated entities (e.g. sole […]
Adoption of ISQM 1, ISQM 2 and ISA 220 (Revised)
1. The Malaysian Institute of Accountants has approved the adoption of: ✅ International Standard on Quality Management (ISQM) 1 Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements, ✅ ISQM 2 Engagement Quality Reviews, ✅ International Standard on Auditing 220 (Revised) Quality Management for an […]
Post-implementation Review of IFRS 9 – Classification and Measurement
1. The International Accounting Standards Board is conducting a post-implementation study of IFRS 9 Financial Instruments. IFRS 9 Financial Instruments: Recognition and Measurement replaced IAS 39 Financial Instruments: Recognition and Measurement. 👉 To download – https://t.me/YourAuditor/2461 2. The International Accounting Standards Board (IASB) will analyse IFRS 9 in its entirety, but it will begin with […]
Launching of “MIA SMPs channel” – a Dedicated Telegram Channel for SMPs
Launching of “MIA SMPs channel” – a Dedicated Telegram Channel for SMPs – PDF 1. Earlier in October, the Malaysian Institute of Accountants (MIA) announced the launch of a dedicated Telegram channel for Small and Medium Practitioners (SMPs), dubbed “MIA SMPs Channel.” 2. Once the account has been created, please visit these LINKs to connect […]
The Publication of MIA’s Practice Review Annual Report 2020 – 2021
Download The Publication of MIA’s Practice Review Annual Report 2020 – 2021 1. The Institute published the Practice Review Annual Report 2020/2021 on the 1 of October 2021. 2. The purpose of the PR Annual Report 2020/2021 is to strengthen the accountancy profession by assisting in establishing high-quality auditing standards, particularly for professional accountants who […]
